The Financial Times has announced job losses in some of its subsidiary companies in the internet sector, keeping up with the recent trend in staff cuts.
Around 40 jobs are expected to go in a bid to reduce costs and break even at the end of the year. The cuts will take place at FT.com, FTYourMoney.com, FTCareerPoint, and the Investors Chronicle.
The FT.com said: "We have been engaged in integrating our internet businesses for the past eight months. As a result, we have earmarked 40 members of staff where we can identify efficiencies".
Angry email sends Cerner's shares plummeting
After the recent spate of leaked internal emails doing untold damage to companies after they hit the web, an angry email from a US boss has come back to bite him.
Shares in US health company, the Cerner Corporation, took a 22 per cent dive after the boss' threatening email was posted on the internet. Chief executive Neal Patterson apparently told managers they had two weeks to whip everyone into shape and ensure staff were in work by 7.30am.
Reports claim the email read: "We are getting less than 40 hours of work from a large number of our employees. The parking lot is sparsely used at 8am, likewise at 5pm. As managers, you either do not know what your employees are doing or you do not care. In either case, you have a problem and you will fix it or I will replace you.""Never in my career have I allowed a team which worked for me to think they had a 40-hour job. I have allowed you to create a culture which is permitting this. No longer," the email continued.
He ended the message with: "You have two weeks. Tick, tock."
As a result, financial analysts have been in discussions with shareholders over concerns that poor staff morale may damage the company.
Loudcloud warns of losses
Loudcloud has seen losses widen for its fourth fiscal quarter, with profits dropping from $4.85m last year to $58.8m this year. Revenues at the web consulting company for the quarter ending 31 January almost doubled from $4.6m to $8.9m, however.
The organisation initially raised $150m in its initial public offering in March, but this was after reducing the share price twice in a bid to entice buyers. Since then, its share price has fallen by 28 per cent.
Bush lives in fear of email
US president George Bush has announced that he will no longer use email as a form of communication because of privacy concerns.
"I used to be an avid emailer," he said, "and I emailed to my daughters or emailed to my father, for example, and I don't want those emails to be in the public domain," he added.
But his decision, he explained, was not based on concerns that private communications might become public as a result of the Freedom of Information Act. In fact, he said he would comply with the Act if requests did not "jeopardise national security".
Moon's dark side is mountainous, rugged and never visible from the Earth
The groundwater basins in some areas of Tehran have been damaged irreversibly
This is the first time that any spacecraft on Mars has recorded air vibrations on the planet
Arctic sea ice is thickening at a faster rate during winter, thus slowing down long-term decline: NASA
But, the seasonal ice growth could only delay the demise of the Arctic ice cap for a few more decades